Debt-ridden telecom operator RCom today said its shareholders have approved an asset monetisation plan which will be used to repay dues. “The shareholders of the company approved the monetisation of its assets. The company announced the results of postal ballot on February 15, 2018, whereby the shareholders approved the resolution to monetise spectrum, towers, fibre, telecom infrastructure and other assets with overwhelming majority of 99.91 per cent,” RCom said in a statement.

Facebook Inc., Alphabet Inc.’s Google and other online platforms would face stricter rules for political advertising according to a proposed framework that will be considered by the Federal Election Commission. The proposal, written by Ellen Weintraub, a Democrat and vice chair of the commission, would require online advertisements to carry the same disclaimers from their sponsors as do radio, television and print ads.

India’s biggest stock exchange is keen to buy a 25 percent stake in Dhaka Stock Exchange, rivaling an offer from a Chinese bourse. “We are well positioned to help grow the Bangladesh market and the exchange, given our experience and track record,” Vikram Limaye, chief executive officer of the National Stock Exchange, said in a phone interview on Thursday. The Shenzhen Stock Exchange has offered 22 taka per share to buy 25 percent of the Dhaka Stock Exchange, Rakibur Rahman, a director at the DSE, said by phone last week.

Country's largest lender SBI on Friday said it has an exposure of $212 million (about Rs 1,360 crore) in respect to letter of undertaking issued by Punjab National Bank to Nirav Modi, but does not have any direct exposure to the absconding jewellery designer.

"We don't have any direct exposure on Nirav Modi but we do have some exposure on Punjab National Bank," State Bank of India Chairman Rajnish Kumar told reporters on Friday.

Salman Khan’s Being Human Foundation has been blacklisted by Brihanmumbai Municipal Corporation (BMC) for not setting up concessional dialysis units in Bandra over a year after being allotted the project, reports Mumbai Mirror. Apart from blacklisting the foundation, a show-cause notice has also been served to Being Human.

Islamabad/ New Delhi: Pakistan has claimed that its troops destroyed an Indian Army post in Tatta Pani sector across the Line of Control (LoC) and killed five soldiers.

Pakistan Army Spokesman Major General Asif Ghaffor in a tweet on late Thursday night also shared a video clip purportedly showing bombing of the Indian Army post and smoke billowing from the site after it was hit by fire.

By his own admission, Managing Director of the PNB Sunil Mehta on Thursday revealed that they detected the Rs 11,400-crore Nirav Modi fraud in the third week of January and reported the matter to the CBI on January 29. But shockingly, the bank’s management neither informed the shareholders about the scam in the PNB Board meeting on February 6 nor did it report the matter to the Security and Exchange Board of India (SEBI) for another two weeks.

NEW YORK: Bitcoin rose above $10,000 on Thursday for the first time in more than two weeks, as investors bought back the digital currency after having fallen 70 percent from its all-time peak hit in mid-December.

Bitcoin has been buffeted this year by a series of negative headlines centering around increased scrutiny by global regulators. There has also been the incidence of hacks on exchanges, the latest being the theft of roughly $532.9 million in digital money from Tokyo-based cryptocurrency exchange Coincheck a few weeks ago.

Mumbai: Axis Bank on Thursday indicated that it no longer has any exposure to the Rs 11,400-crore fraud detected at PNB.

Responding to reports of undertaking buyer's credit transactions with PNB, Axis Bank said in the normal course of business, it carries out such transactions against letters of undertaking (LoUs) issued by other banks through its overseas branches.

New Delhi: Auto major Mahindra & Mahindra (M&M) on Friday said it will invest up to Rs176 crore in car and bicycle rental firm Zoomcar India or Zoomcar Inc., its US incorporated holding parent company.

Under the aegis of the deal, Mahindra Group would invest up to Rs176 crore in Zoomcar India or Zoomcar Inc. which, when converted to common stock of Zoomcar Inc. on a fully diluted basis, would constitute approximately 16% stake in Zoomcar Inc., the company said in a statement.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.